$599,000
Investment Summary
- Monthly Cash Flow
- -$1,602
- Cap Rate
- 2.9%
- Cash-on-Cash Return
- -14.0%
- Debt Coverage Ratio
- 0.48
- Internal Rate of Return (5 years)
- -9.5%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Property Description
Welcome to 2701 Gardenwood Court in sought-after upscale Rivercliff Trace Subdivision. This four-sided brick, custom-built traditional home with finished basement/terrace level offers over 5,300 square feet of living space and is situated on a 1.98-acre cul-de-sac lot. The design and layout of this quality home provides impressive space for your every day living and entertaining family and friends. NEW Roof, Deck, Carpet, Interior and Exterior Painting in 2025. The front of this home offers an impressive entrance with a large front porch and you are greeted with warmth as you enter. This lovely home was built with thoughtful design and quality to ensure that it created the best of everything for the owners. As you move through the main living areas, natural light beams through the large windows and offers beautiful views of the landscaped seasonal backyard. The large kitchen is well-appointed for your culinary needs and offers ample cabinet and counter space, two (2) pantries, wet bar, built-in desk and the adjacent formal dining room is the perfect space for enjoying those home prepared meals. Next to the kitchen is a large breakfast area with access to the expansive rear deck and a timeless brick floor screened porch is accessed from the family room. Both of these outdoor living spaces are perfect for entertaining, enjoying your morning coffee or sipping a glass of iced tea while watching deer stroll by, listening to the birds or star-gazing in the night sky. Level and wooded backyard offers a great space for outdoor activities, gardening or simply relaxing. The main level of the home offers a formal living room, office/bedroom, full bathroom and family room with a brick fireplace and built-in shelving. The family room provides a calming space to enjoy the fireplace on those cool Georgia fall and winter evenings. Mud room with storage and rear stairs to the upper level are conveniently located next to access from the garage. Located on the upper level is the primary suite bedroom with en-suite bathroom that is designed for your indulgence with two vanities, luxurious garden spa tub, separate shower and large walk-in closet. There are also four (4) comfortably sized bedrooms and a large bathroom with two (2) showers on the upper level. Every bedroom has lots of closet space with additional storage rooms and closets throughout the home. A well-designed, large laundry room is conveniently also located on the upper level. The basement/terrace level features a living area/game room/multi-purpose space, cozy reading room, bedroom, full bathroom plus finished and unfinished storage space. Oversized garage with additional driveway parking pad. This home still has many of the original quality features and is ready for your personal touches and upgrades. It is located on a quiet street in a beautiful neighborhood and is within minutes of Rivercliff Swim and Racquet Club, an OPTIONAL VOLUNTARY ASSOCIATION (Not an HOA). Rivercliff Club features a clubhouse, playground, pool, tennis courts and access to the Yellow River. This home is minutes to US 78 and I-285 making Atlanta Hartsfield-Jackson International Airport and any area of metro Atlanta easily accessible. Convenient access to nearby parks, schools, restaurants and shopping while providing a tranquil lifestyle on your private 1.98-acre estate. Located within close proximity to Downtown Lilburn, Stone Mountain Park, Yellow River Park, Tucker, Northlake, Decatur, Emory University and Hospital, Children's Healthcare of Atlanta and the CDC. Bring your creativity or enjoy the original features and make this wonderful home your dream home.
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Location
Property Details
Parking
- Description: Garage
- Details: Attached, Garage, Parking Pad
- Garage Spaces: 6
- Spaces Total: 6
Bedroom Information
- # of Bedrooms: 7
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 11
- # of Stories: 3
- Attic: Yes
- Basement: Yes
- Basement Description: Concrete, Crawl Space, Daylight, Exterior Entry, Finished, Full, Interior Entry, Unfinished
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Brick
- Roof Type: Gable or Hip
- Roof Material: Composition
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: R6038102
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Brick 4 Side, Traditional
- Year Built: 1988
Tax Information
- Annual Tax: $5,591
Utilities
- Water & Sewer: Public
- Heating: Central, Forced Air, Natural Gas, Zoned
- Cooling: Attic Fan, Ceiling Fan(s), Central Air, Zoned
Location
- County: Gwinnett
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,602
- Cap Rate
- 2.9%
- Cash-on-Cash Return
- -14.0%
- Debt Coverage Ratio
- 0.48
- Internal Rate of Return (5 years)
- -9.5%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Purchase Details
Purchase PriceThe price paid for the property. Purchase price:
| $599,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$479,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $119,800 |
Closing CostsFees and expenses associated with purchasing a property, typically ranging from 2% to 5% of the home’s purchase price, paid at the end of a home purchase to cover services like lending, title transfer, and taxes. Closing costs:
| $17,970 |
Rehab CostsCosts incurred to repair or improve the property, including: roof, flooring, exterior siding, kitchen, exterior paint, bathrooms, etc. Rehab costs:
| $0 |
Initial Cash InvestedThe total initial cash invested in the property. Calculation:Down payment + Buying costs + Rehab costs Initial cash invested:
| $137,770 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 5,369 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $112 |
Monthly Rent Per Square FootMonthly rent divided by the number of square feet. This ratio helps investors compare rental income efficiency across properties, markets, and unit sizes Calculation:Monthly Rent / Square Feet Monthly rent per square foot:
| $0.52 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $479,200 |
|---|---|
Loan to Value Ratio (LTV)Loan amount divided by the market value of the property. Calculation:Loan Amount / Market Value
Loan to value ratio:
| 80.0% |
Loan TypeThe type of loan (e.g., fixed, adjustable).
Loan type:
| Amortizing |
TermThe loan repayment period in years.
Term:
| 30 years |
Interest RateThe percentage a lender charges on the borrowed amount of a loan, determining the cost of borrowing money.
Interest rate:
| 6.625% |
Principal & Interest (PI)The principal is the portion of the loan payment that reduces the loan balance. The interest is the lender's charge for borrowing money. Calculation:(P * r * (1 + r) ** n) / ((1 + r) ** n - 1) Where:
P = Loan amount (principal)
Principal & interest:
| $3,068 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $466 |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified.
Insurance:
| $196 |
Private Mortgage Insurance (PMI)A fee that borrowers pay when they take out a conventional loan with a loan-to-value (LTV) ratio above 80%.
Private mortgage insurance (PMI):
| $0 |
Monthly PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. Monthly payment:
| $3,730 |
Operating Income
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Gross RentThe total rental income received from tenants before deducting any expenses. Includes base rent, late fees, pet fees, parking fees, and other recurring charges.
Gross rent:
| $2,800 | $33,600 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$168 | -$2,016 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,632 | $31,584 |
Operating Expenses
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services. | 17% | -$466 | -$5,591 |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified. | 7% | -$196 | -$2,352 |
Property ManagementThe costs associated with hiring a property manager to handle the day-to-day operations of a rental property. Includes management fees, leasing fes, eviction fees, etc. Calculation:Assumes 8% of gross rental income. | 8% | -$224 | -$2,688 |
Repairs & MaintenanceOngoing costs for routine upkeep and minor fixes needed to keep a property in good working condition. Calculation:Assumes 5% of gross rental income. Varies by property age and condition. | 5% | -$140 | -$1,680 |
Capital ExpensesLarge, infrequent costs for major improvements or replacements, like a new roof, HVAC system, or appliances. Calculation:Assumes 5% of gross rental income. Varies by property age. | 5% | -$140 | -$1,680 |
HOA FeesRegular dues paid to a Homeowners Association for community maintenance, amenities, and management. Similar fees include: Condo Association Fees, Co-op Maintenance Fees, etc. | n/a | n/a | n/a |
Operating ExpensesRecurring costs required to maintain and manage a rental property, including property taxes, insurance, maintenance, repairs, utilities (if paid by the owner), property management fees, and other day-to-day expenses. Calculation:Insurance + Property Taxes + Property Management + Repairs & Maintenance + Capital Expenditures + HOA Fees | 42% | -$1,166 | -$13,991 |
Cash Flow
| Monthly | Yearly | |
|---|---|---|
Net Operating Income (NOI)The income generated from a property after deducting all operating expenses but before deducting mortgage payments, taxes, and capital expenditures. Calculation:Gross Operating Income - Operating Expenses
Net operating income:
| $1,466 | $17,592 |
Mortgage PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. | -$3,068 | -$36,816 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$1,602 | -$19,224 |